Statement From LIA Chief Economist John Rizzo on Empire State Survey and PPI

By: Dr. John A. Rizzo

"The sharp increase in the Empire State Manufacturing Survey index of general business conditions reported today is good news for manufacturing and jobs in New York generally and on Long Island. This is the largest gain in 20 months. Meanwhile, the producer price index rose in line with expectations and inflation still appears to be modest", said John Rizzo, LIA Chief Economist.